The dividend rise marks the firm's first since the massive Gulf of Mexico oil spill.
The cause of the pipeline rupture is still under investigation. The pipeline connected a well head on the ocean floor to a floating platform, which was conducting a well test when the rupture took place. The well's safety mechanisms responded appropriately and the well was closed off automatically.
Officials with Brazilian oil giant Petrobras, and Brazil's environmental protection agency (IBAMA), announced Wednesday that 26 cubic meters of oily water was collected from an offshore oil production column that ruptured the day before.
It could take a salvage crew up to 10 months to remove the wreck of the Costa Concordia, the cruise ship that sank off of Italy's Giglio Island earlier this month.
Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill.
Stock index futures pointed to a steady open on Wall Street on Friday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures up 0.05 percent and Nasdaq 100 futures up 0.2 percent at 4 a.m. ET.
The top aftermarket NYSE gainers Thursday were: Transocean, Emulex, Buckeye Technologies, Penn Virginia, Ivanhoe Mines, Basic Energy Services, Newell Rubbermaid, HyperDynamics, Magnum Hunter Resources and D.R. Horton.
Such a spillage would pollute one of the most beautiful and unspoiled maritime areas in the Mediterranean.
Schlumberger Ltd (SLB.N), the world's largest oilfield services company, reported a 36 percent rise in quarterly earnings, beating Wall Street forecasts, but it warned that Europe's debt crisis could hurt economic growth and trim oil demand.
Here are the five things you need to know about the pipeline, and why it faces such vehement opposition.
Rescuers resumed a search of the hulk of a giant cruise liner off the west coast of Italy on Monday after bad weather forced them to halt operations, but hopes were fading of finding more survivors.
Since Deepwater Horizon, a longer permitting processes and the drilling moratorium in the Gulf of Mexico is projected to cost the U.S. more than $24 billion in lost investment, says a report from the American Petroleum Institute.
United States offshore petroleum regulators ruled this week that a Spanish rig headed to Cuban waters meets international safety standards.
The ship involved in the New Zealand oil spill split in two over the weekend, causing new concerns for beachgoers and the Bay of Plenty's beleaguered tourism department.
Spike Lee, who solidly endorsed Obama in the 2008 election, has also leveled criticism at the president.
Royal Dutch Shell officials announced they are working to patch a second oil leak in Nigeria, which they attribute to sabotage.
A Chinese court is allowing a $78 million lawsuit brought against ConocoPhillips (NYSE:COP) to move forward, after having dismissed a similar lawsuit in 2011, the state-run Xinhua News Agency reported Friday. The action is being brought by local aquaculture farmers who believe their sea cucumbers were killed by the oil spill.
China National Offshore Oil Corp. announced that it intends to set up an environmental protection fund of its own, months after ConocoPhillips said in September it intended to compensate local Chinese communities and pay for environmental damage following a spill at one of the company's offshore rigs in Northern China.
Company officials claimed victory over the spill on Christmas day, citing the company's robust response brought a swift end to the spill first reported two weeks ago.
In order to keep the American people updated on the Gulf of Mexico oil spill restoration, BP will be launching its new advertising campaign immediately after Christmas.
Images from an underwater vehicle proved the company's original fears that the 40,000 barrel leak sprung during the transfer of crude oil from a floating storage facility to an awaiting cargo tanker.
Nigerian officials said they expect oil leaked from a Royal Dutch Shell offshore well to reach the country's shores Thursday. Shell officials suspect half of the estimated 40,000 barrels of oil leaked in the Atlantic this week have already naturally dissipated or evaporated.
